Financial Information
Financial Regulations
Brading Town Council is responsible in law for ensuring that its financial management is adequate and effective, and that the Council has a sound system of internal control in place which facilitates the effective exercise of the Council’s functions, including arrangements for the management of risk.
These Financial Regulations govern the conduct of financial management by the Council, and include arrangements for the:
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Management of risk
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Prevention and detection of fraud and corruption
Audit
The financial management of the Council is reviewed by an independent internal auditor, Mr S Milford and is examined by our external auditor PKF Littlejohn. Their address is: 1 Westferry Circus, Canary Wharf, London E14 4HD
The last years’ audit report, and this year’s Notice of Conclusion of Audit can be obtained from the Town Clerk.
Previous years can be obtained from the Town Clerk.
Budget
Brading Town Council’s budget setting process begins in November, with the final budget being formally agreed at its February Full Council meeting.
Accounts
At every Full Council meeting copies of the bank reconciliations, cashbooks and income and expenditure by budget heading are approved.
Earlier financial records will be provided on request from the Town Clerk.
Asset Register
The Asset Register shows all of Brading Town Council’s assets. A copy of the register is available from the Town Clerk.